Tomra Systems ASATMRAY -0.03%86 Return-on-Tangible-Asset is -0.91% as of Mar. 2026. GuruFocus rates TMRAY with a GF Score™ of 86/100 and a GF Value™ of $16.00 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 247 Waste Management companies, Tomra Systems ASA ranks better than 74.09% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Tomra Systems ASA's annualizedNet Income for the quarter that ended in Mar. 2026 was $-14 Mil. Tomra Systems ASA's average total tangible assets for the quarter that ended in Mar. 2026 was $1,520 Mil. Therefore, Tomra Systems ASA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.91%.
The historical rank and industry rank for Tomra Systems ASA's Return-on-Tangible-Asset or its related term are showing as below:
TMRAY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.98 Med: 11.8 Max: 15.04
Current: 6.5
During the past 13 years, Tomra Systems ASA's highest Return-on-Tangible-Asset was 15.04%. The lowest was 5.98%. And the median was 11.80%.
TMRAY's Return-on-Tangible-Asset is ranked better than 74.09% of 247
companies
in the Waste Management industry
Industry Median: 1.9
vs TMRAY: 6.50
Tomra Systems ASA (OTCPK:TMRAY) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Tomra Systems ASA Return-on-Tangible-Asset Related Terms
Tomra Systems ASA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tomra Systems ASA's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TMRAY vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Tomra Systems ASA's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tomra Systems ASA Return-on-Tangible-Asset vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -0.91% mean?
Tomra Systems ASA (TMRAY) has a Return-on-Tangible-Asset of -0.91% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tomra Systems ASA and its competitors. Over the past decade, Tomra Systems ASA's Return-on-Tangible-Asset has ranged from 5.98 to 15.04. According to the industry distribution chart, Tomra Systems ASA ranks #64 out of 247 companies in the Waste Management industry, placing it in the top 25.9%.
Is Tomra Systems ASA's Return-on-Tangible-Asset too high?
Tomra Systems ASA's current Return-on-Tangible-Asset is -0.91%. Over the past 10 years, this metric has ranged from a low of 5.98 to a high of 15.04. Based on the distribution chart, Tomra Systems ASA ranks #64 out of 247 companies in the Waste Management industry, which is above the industry midpoint. Overall, Tomra Systems ASA has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #64 out of 247 companies for Return-on-Tangible-Asset. This puts Tomra Systems ASA in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.90. Historically, Tomra Systems ASA's own Return-on-Tangible-Asset has ranged from 5.98 to 15.04 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 1.90, based on 247 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Tomra Systems ASA and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current Return-on-Tangible-Asset is -0.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $16.00, compared to a current price of $9.97 — trading 37.7% below its estimated fair value. The current Return-on-Tangible-Asset is -0.91%. Tomra Systems ASA's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Tomra Systems ASA (TMRAY), the current Return-on-Tangible-Asset is -0.91% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $9.97 is trading 37.7% below its estimated GF Value™ of $16.00.
GuruFocus considers Tomra Systems ASA to be Significantly Undervalued.
Key valuation signals for TMRAY:
Return-on-Tangible-Asset: -0.91%
GF Value™: $16.00 vs. price of $9.97 (37.7% below fair value)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
86GF Score
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